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Alternative Credit Focus
Click for more information on Fundata’s FundGrade
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|
Close (11-20-2024) |
$18.13 |
|---|---|
| Change |
-$0.04
(-0.22%)
|
| Open | $18.15 |
|---|---|
| Day Range | $18.15 - $18.16 |
| Volume | 500 |
As at October 31, 2024
As at October 31, 2024
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Inception Return (January 23, 2020): 1.54%
| Row Heading | Return | Annualized Return | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 Mth | 3 Mth | 6 Mth | YTD | 1 Yr | 2 Yr | 3 Yr | 4 Yr | 5 Yr | 6 Yr | 7 Yr | 8 Yr | 9 Yr | 10 Yr | |
| Fund | -0.62% | 1.32% | 6.03% | 3.24% | 11.71% | 5.21% | 0.06% | 0.49% | - | - | - | - | - | - |
| Benchmark | -1.07% | 1.25% | 6.50% | 3.09% | 11.09% | 5.28% | -0.23% | -1.11% | 0.36% | 1.97% | 1.60% | 1.33% | 1.81% | 2.06% |
| Category Average | 0.25% | 4.91% | 4.91% | 6.68% | 11.57% | 7.89% | 3.26% | 4.09% | 4.09% | - | - | - | - | - |
| Category Rank | 116 / 127 | 104 / 125 | 33 / 113 | 106 / 113 | 42 / 112 | 89 / 95 | 80 / 90 | 61 / 67 | - | - | - | - | - | - |
| Quartile Ranking | 4 | 4 | 2 | 4 | 2 | 4 | 4 | 4 | - | - | - | - | - | - |
| Return % | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 4.27% | 3.77% | -0.62% | -0.68% | 0.60% | -1.94% | 1.47% | 1.06% | 2.05% | 0.76% | 1.19% | -0.62% |
| Benchmark | 4.21% | 3.42% | -1.36% | -0.40% | 0.48% | -1.95% | 0.00% | 2.98% | 2.14% | 0.52% | 1.82% | -1.07% |
4.27% (November 2023)
-3.34% (April 2022)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | 1.06% | -8.57% | 5.17% |
| Benchmark | 9.10% | 3.57% | 1.54% | 2.70% | 1.29% | 6.97% | 8.61% | -2.71% | -11.46% | 6.38% |
| Category Average | - | - | - | - | - | - | 7.20% | 3.25% | -4.07% | 7.22% |
| Quartile Ranking | - | - | - | - | - | - | - | 4 | 4 | 4 |
| Category Rank | - | - | - | - | - | - | - | 57/ 67 | 72/ 90 | 87/ 108 |
5.17% (2023)
-8.57% (2022)
| Name | Percent |
|---|---|
| Foreign Government Bonds | 29.42 |
| Cash and Equivalents | 26.65 |
| Canadian Government Bonds | 14.98 |
| Canadian Corporate Bonds | 14.55 |
| Foreign Corporate Bonds | 14.14 |
| Other | 0.26 |
| Name | Percent |
|---|---|
| Fixed Income | 73.09 |
| Cash and Cash Equivalent | 26.65 |
| Consumer Goods | 0.36 |
| Other | -0.10 |
| Name | Percent |
|---|---|
| North America | 99.82 |
| Latin America | 0.14 |
| Asia | 0.04 |
| Europe | 0.00 |
| Name | Percent |
|---|---|
| United States Treasury 3.88% 15-Aug-2034 | 16.81 |
| United States Treasury 3.50% 30-Sep-2029 | 6.53 |
| Ontario Province 4.15% 02-Dec-2054 | 4.57 |
| Canada Government 3.00% 01-Jun-2034 | 4.12 |
| Cash and Cash Equivalents | 3.59 |
| United States Treasury 3.50% 30-Sep-2026 | 3.28 |
| Southwestern Energy Co 5.70% 29-Nov-2024 | 2.16 |
| UNITED STATES TREASURY NOTE/BOND 4.00% 31-Oct-2029 | 2.15 |
| United States Treasury 4.00% 31-Jul-2029 | 2.14 |
| Goldman Sachs Group Inc 3.31% 31-Oct-2024 | 1.98 |
CI Marret Alternative Absolute Return Bond Fund - ETF C$ Series
Median
Other - Alternative Credit Focus
| Standard Deviation | 6.77% | - | - |
|---|---|---|---|
| Beta | 0.89% | - | - |
| Alpha | 0.00% | - | - |
| Rsquared | 0.85% | - | - |
| Sharpe | -0.47% | - | - |
| Sortino | -0.56% | - | - |
| Treynor | -0.04% | - | - |
| Tax Efficiency | - | - | - |
| Volatility |
|
- | - |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 6.32% | 6.77% | - | - |
| Beta | 0.83% | 0.89% | - | - |
| Alpha | 0.02% | 0.00% | - | - |
| Rsquared | 0.83% | 0.85% | - | - |
| Sharpe | 1.06% | -0.47% | - | - |
| Sortino | 3.09% | -0.56% | - | - |
| Treynor | 0.08% | -0.04% | - | - |
| Tax Efficiency | 83.89% | - | - | - |
| Start Date | January 23, 2020 |
|---|---|
| Instrument Type | Exchange Traded Fund (Alternative) |
| Share Class | Do-It-Yourself |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $38 |
| 52 Week High | $18.43 |
| 52 Week Low | $16.65 |
| Annual Dividend | $0.80 |
| Annual Yield | - |
| Index | - |
| Shares Outstanding | - |
| Registered Plan Eligible | Yes |
| Exposure | 1x performance |
|---|---|
| Asset Class High | - |
| Asset Class Medium | - |
| Asset Class Low | - |
| Leveraged | - |
| Inverse | - |
| Advisor Series | - |
| Covered Call Strategy | No |
The fund seeks to provide positive absolute returns with low volatility over a market cycle regardless of market conditions or general market direction, by primarily investing in debt instruments across the credit spectrum including cash, government debt, investment grade corporate debt, high yield debt, credit derivatives and other income-producing securities throughout the world. The fund will use leverage.
The fund will invest primarily in debt instruments across the credit spectrum including cash, government debt, investment grade corporate debt, convertible bonds, high yield debt, government agency securities, inflation-linked bonds, private debt, credit derivatives and other income-producing securities throughout the world.
| Name | Start Date |
|---|---|
| Adam Tuer | 01-23-2020 |
| Adrian Prenc | 01-23-2020 |
| CI Global Asset Management | 05-05-2022 |
| Fund Manager | CI Global Asset Management |
|---|---|
| Advisor | CI Global Asset Management |
| Custodian | CIBC Mellon Trust Company |
| Registrar | CI Global Asset Management |
| Distributor | - |
| Auditor | Ernst & Young LLP |
| MER | 2.21% |
|---|---|
| Management Fee | 0.80% |
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